Navratnas' total income stood at Rs 6,871.62 bn in FY'08

MUMBAI: Justifying their recognition, 18 Navratna companies had garnered a total income of Rs 6,871.62 billion last fiscal, equivalent to 15 per cent of the country's Gross Domestic Product.

Leading global business information provider, Dan and Bradstreet, in its latest "India's Top PSUs 2009" report said that the share of these Navratna companies in the combined total income of 121 central public sector units (CPSUs) was as high as 47 per cent.

While preparing the report, D&B had taken into account only CPSUs and those are carrying out the business for profits and not those which are "involved in charity or any other social cause".

"Their (Navratnas) combined net worth was 41 per cent of the total net worth of the all profiled CPSUs," the report said.

The aggregate total income of the profiled CPSUs stood at a little over Rs 14,675 billion during FY'08, representing a growth of 16.8 per cent and is approximately 31.1 per cent of the country's GDP at current prices for FY'08.

"The aggregate net profit reported by the 121 CPSUs in FY'08 sums up to Rs 1,221.36 billion," the report said, adding that the growth was around 10 per cent over the previous fiscal.

The aggregate net worth of the companies in the last fiscal was Rs 7,690.84 billion and they reported a profit margin of 8.3 per cent and a return on net worth of 15.9 per cent, it said.